10th Aug 2020 08:15
(Alliance News) - Capita PLC said it has obtained an extension for its Transport for London contracts managing the capital city's congestion charge, low emission zone, and ultra low emission zone.
The GBP355 million deal includes an extension to the FTSE 250-listed consulting, digital services and software business's work on existing schemes to October 2026 from October 2021. It also includes new work associated with expanding the ultra low emission zone, direct vision standards, and low emission zone to October 2025 along with their operations.
These contracts involve "an expanded scope of work" with Capita providing more services on behalf of TfL including managing the expanded ultra low emission zone, which is set to be operational from October 2021, increasing its from its current area of central London to the entire area inside London's North Circular and South Circular roads.
Capital will also run the registration and monitoring service for the new heavy goods vehicles direct vision standards scheme. This initiative measure how safely HGV drivers can see though cab windows and stops unsafe vehicles using London roads.
London-wide changes will also be made to the low emission zone's standard for HGVs and buses, which Capita will implement.
Capita expects to recruit and train another 900 new staff to deliver this expanded service, most of whom will be able to, and encouraged to, work from home.
Chief Executive Jon Lewis said: "These new contracts will see us build on our existing partnership, which has already seen us launch ULEZ on time and on budget, and will draw on our track record of transformation and digitally enabled services, as well as adding value for our shareholders."
Shares in Capita were up 3.7% at 38.41 pence in London on Monday morning.
By Anna Farley; [email protected]
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